NORTECH SYSTEMS INC — Director's Dealing 2004

Jan 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTECH SYSTEMS INC (NSYS)
CIK: 0000722313
Period of Report: 2004-01-20

Reporting Person: PERKINS RICHARD W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-20	Common Stock	M	6000	$3.625	Acquired	18000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-20	Director Stock Option (right to buy)	$3.625	M	6000	Disposed	2004-01-23	Common Stock (6000)	Direct